The prices in real estate in Erlanger, in the Kentucky region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Erlanger has increased strongly during the last 6 months. In May, the average price per sq.feet was $161. In June this price pretty much remained the same at a value of $156 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 341 %. The price per sq.feet has had a considerable deflation of 46 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $349.75 to $162 during September, and October.
Based upon to the price in Erlanger (cities), these have remained the same in the last 6 months. The price in May is $313,322, rising in June till $330,149. In the following two months the average price has remained the same with regard to the previous two months from $321,735.5 to $312,330. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $332,724 they are 16 % more affordable than the average price for Erlanger. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $331,527.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $162 / sq.feet price in Erlanger. The properties with the highest average prices have 2 bedrooms. They are 29 % more expensive than the average followed by properties with 1 bedroom with a price at $143 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $332,724 it is 68 % cheaper than the average price in Erlanger. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $321,981 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $109 / sq.feet followed by "Townhouse" priced at $140 / sq.feet. "Condo" is the most costly type of property with a $927 / sq.feet cost followed by "House" with an average price of $142 / sq.feet.